|Bid||381.00 x 1100|
|Ask||381.77 x 1800|
|Day's Range||356.00 - 383.76|
|52 Week Range||164.28 - 383.76|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||39.22|
|Earnings Date||Jul 17, 2023 - Jul 21, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||362.71|
Netflix (NASDAQ: NFLX) has taken investors on a wild ride over the past two years. The streaming media giant's shares surged during the buying frenzy in growth stocks and closed at an all-time high of $691.69 on Nov. 17, 2021. Is it finally safe to buy Netflix's stock after those massive price swings?
Netflix has several ad-free plans, but they're not cheap. Other streaming apps have ad-free plans for less. Check out some cheaper options to consider.
Netflix (NASDAQ: NFLX) has finally done it -- it's begun cracking down on password-sharing in the U.S. and the U.K. And while Wall Street has been anticipating the move for a while, the company has been opaque about exactly when it would clamp down, and what that enforcement would look like. After losing millions of subscribers in the first half of fiscal 2022, Netflix decided it was time to deal with the approximately 100 million viewers accessing its content via other people's login details (also known as "sub accounts"). Netflix has long known that its customers were freely passing their login details to others, but for years the company framed it as a net positive.
Netflix (NASDAQ: NFLX) has been facing a hypercompetitive industry in recent years as numerous streaming companies vie for viewers' attention. To spur growth, Netflix introduced a cheaper, ad-based tier, and the business is cracking down on accounts that share passwords. Let's look at three reasons why investors would want to buy the top streaming service stock, as well as a compelling reason to sell.
The days of ad-free streaming TV are coming to an end. Comments from Disney (NYSE: DIS) and Netflix (NASDAQ: NFLX) executives indicate that the industry is going to see more ads and, given the success of those ads so far, much higher prices.
In November 2021, after more than a year of COVID-19 lockdowns, Netflix's (NASDAQ: NFLX) shares were trading at almost $690 apiece. Netflix got into the gaming space in late 2021, rolling out a collection of iOS and Android titles exclusively available to its subscribers. Initial reports indicate customer response was muted, with reportedly less than 1% of its subscriber base downloading its games.
Netflix (NFLX) closed at $358.98 in the latest trading session, marking a -1.61% move from the prior day.
Analysts remain bullish on Netflix's password sharing crackdown.
The leading streaming service is starting to crack down on subscribers sharing their accounts with folks living outside of their households.
Synovus Trust Senior Portfolio Manager Daniel Morgan joins Yahoo Finance Live to discuss Nvdia's latest earnings report and breaks down how the AI-driven boom is driving the company's future prospects.
Yahoo Finance Senior Reporter Alexandra Canal breaks down what analysts are saying about Netflix's password sharing crackdown.
The streaming wars are evolving. Here's what that could mean when it comes to the next big growth driver in the competitive space.
Company expects people to cancel as a result of new rules – but then to come back
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Netflix will now charge for the privilege of sharing your password. Here's what you need to know.
Netflix (NFLX) rolls out paid password sharing model in the United States allowing members to share with users outside their household with a $7.99 monthly fee.
Yahoo Finance Senior Reporter Alexandra Canal discusses the ongoing streaming wars between media giants such as Netflix, Disney, and others.
Yahoo Finance Senior Reporter Alexandra Canal breaks down Netflix's password sharing crackdown in the U.S. and what this means for Netflix users.
‘Your Netflix account is for you and the people you live with,’ emails being sent to users warn
Indeed, 2023 has continued to pile pressure on companies such as Walt Disney (NYSE: DIS), Netflix (NASDAQ: NFLX), and Warner Bros. Discovery (NASDAQ: WBD) as their valuations have continued to underwhelm. While Disney+ is one of the most popular streaming services in the world, the platform has never made money for Walt Disney. Indeed, in the fourth quarter of fiscal 2022, Walt Disney's direct-to-consumer (DTC) streaming unit lost approximately $1.5 billion -- more than twice as much as the same period a year before.
Early last year, Netflix (NASDAQ: NFLX) revealed something that many investors already knew: password sharing was rampant on its platform. The company had previously encouraged account sharing as a way to drum up interest in its programming. What many didn't realize, however, was the extent of the phenomenon and how much it was costing Netflix.
Zacks.com users have recently been watching Netflix (NFLX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Investors need to pay close attention to Netflix (NFLX) stock based on the movements in the options market lately.
The streaming platform said it has begun sending emails to subscribers who are sharing their account with members outside of their household.
The following are the top stories on the business pages of British newspapers. Billionaire Patrick Drahi has increased his stake in BT Group PLC to 24.5%, but reiterated that he does not plan a full takeover for Britain's biggest telecoms group. Shell PLC's annual shareholder meeting in London descended into chaos with more than an hour of climate protests delaying the start of a meeting in which investors in the oil company rejected new targets for carbon emissions cuts.